Soybeans Falling Lower on Thursday, as USDA Raises Argentina Output

Soybeans are trading 5 to 9 1/4 cents lower across most contracts, with the cmdtyView national average Cash Bean price down 9 1/4 cents to $10.59 1/4. Soymeal is firmer by $1.00 to $1.40, while soy oil is weaker by 30 to 33 points, indicating mixed product spread action. The update is a routine commodity-price move rather than a major fundamental shift.

Analysis

Soybeans are trading 5 to 9 1/4 cents lower across most contracts, with the cmdtyView national average Cash Bean price down 9 1/4 cents to $10.59 1/4. Soymeal is firmer by $1.00 to $1.40, while soy oil is weaker by 30 to 33 points, indicating mixed product spread action. The update is a routine commodity-price move rather than a major fundamental shift.